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ST Engineering dissolves US Joint Venture, Halter-Bollinger Joint Venture, LLC

Singapore, 14 April 2016 – Singapore Technologies Engineering Ltd (ST Engineering) announced today that its dormant US 50%-50% joint venture company, Halter-Bollinger Joint Venture, LLC, a joint venture between VT Halter Marine, Inc. and Bollinger Shipyards Lockport LLC, has been dissolved.

The dissolution of this joint venture is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.34b in FY2015 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index and MSCI Singapore. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries.  Please visit www.stengg.com for more information.

VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems’ innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.

Media Contacts:       
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel:      (65) 6722 1883
Fax:     (65) 6720 2293
Email:  linapoa@stengg.com

Hunter Rawley
Sr. Associate, Corporate Communications
VT Systems
Phone: (1) 703 739 2610
Fax:     (1) 703 739 2611
Email:  hrawley@vt-systems.com

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